Monday, 23 February 2015

As the
growth of eSourcing continues and more and more buyers are being exposed to
electronic sourcing tools, we are finding that although the technology has
evolved significantly, the methodology hasn't necessarily kept pace. When
moving to an eSourcing solution, buyers tend to hand us a Word or Excel file
and expect the RFP to be created, question for question, as an exact replica in
electronic format.

Thursday, 19 February 2015

Procure-to-pay processes
involve all stages of a business transactions and are integral to overall
enterprise efficiency. Organizations face a number of challenges with these Processes
that can affect profitability, compliance and efficiency including profit Recovery,
Process automation and process optimization.

Wednesday, 11 February 2015

In order to understand firstly what is actually concept of inventory
management is that inventory management is the assets of any organization that
are considered to use in the production of any goods and services refers to
sales or any other consignment. There are different types of Inventory
management i.e. Raw material goods, pending work that are considered in work in
progress and the final or finished goods. The main key of successful inventory
management is to maintain the internal
control over inventory which includes any kind of damage or theft , tracking of
different purchase orders etc.

Friday, 6 February 2015

Few
years ago the word “e” was known as an alphabet, and now a day it is crystal
clear that the so called alphabet known as “e” has played a vital role in the
transformation of world’s largest companies. Many researches show that “e” has
brought a revolution in the success stories of many companies. By placing “e”
in any process just like, eProcurement, eCommerece, eBusiness, eMarketing,
eTrade, eBilling etc, open magical doorsteps of success and saving and boost
the financial values of organization in current era. But the development
of eProcurement strategies are not as simple as placing a simple word e in
front of old procurement strategies or function performed with in the
organizations. For transformation of a conventional procurement practices into
eProcurement process, a strategic strategy should be designed in an automated
manner which integrate all process, technology and other resources that built
an infrastructures of organizations and also strengthen to achieve the overall
objective of organizations.

Monday, 2 February 2015

As we see a world becoming
more global in coming year, but even more challenging, Senior executives,
including those in procurement, will have to be able to operate within this
fast moving and complex environment, and will need to show a range of skills,
knowledge and behavior. So we believe that the successful procurement
professional of the future will need to develop both strong internal and
external focus, and will demonstrate analytically and inter-personal strengths.
These two dimensions combine to re-invent the role of procurement
professionals: